Edward Kim, a key developer of Terra Classic, made another proposal for the community. The proposal is committed to compensating the cost damage from September 21 to 28 of the previous year. Previously, the Terra Classic blockchain opened a 1.2% tax reduction. The total reimbursement amount is 295 million LUNC tokens.
Edward Kim, a key real estate agent of Terra Classic, set out a proposal in a tweet on January 23 to compensate investors who damaged LUNC expenses from September 21 to 28 last year.
After the 1.2% tax on September 21 ignited the excitement, some payments failed, but the ignited tax was levied, causing investors to lose their LUNC tokens. According to Edward Kim, it is a good idea to detect the transactions on the network, but the transactions in Magellan-5 have the natural gas measurement beyond the boundary of success and failure.
Software developers and Terra Classic promoter StrathCole confirmed 10927 unsuccessful transactions during this period. The total reimbursement amount is 295 million LUNC tokens.
Of all the reimbursements, 165 million LUNC came from CEX wallet, and other LUNC came from unrecognized CEX wallet. Terra Grants Charitable Foundation (TGF) will contact CEX to find the best way to repay LUNC tokens. Wallets with reimbursement amount less than 10 LUNC will not be reimbursed.
Developers have long arranged script production on GitHub to repay LUNC tokens to their respective users. TGF also reimbursed 5-10 million LUNC for 2214 wallets, equivalent to 131 million LUNC tokens. All uncertain excess amounts will be returned to the community pool.
Terra Classic influencer ClassyCrypto allows the community to pay the LUNC expenses that are lost due to the inaccuracy in the chain. However, he doubts the way in which the community pool is being repaired.
Load at the same time: Terra Classic (LUNC) community network voting applies to Edward Kim's key proposal
The price of Terra Classic (LUNC) has increased by nearly 2% in the past 24 hours, and the current trading price is US $0.0001805. At the end of 24 hours and higher, they were $0.0001771 and $0.0001864 respectively. In addition, the trading volume has decreased by 25% in the past 24 hours, indicating that the loan interest has decreased.
However, the price of LUNC shows a strong momentum, because the total value of LUNC last week reached another 900 billion dollars. In addition, the community voted on important proposals to increase the burning rate and improve the chain.
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